May 18, 200718 yr I know everyone has been waiting for this was an...tic...i....pa....tion. Here is an article on the Retail Study update our MUPDD capstone class this past spring. Links to the Website, report and presentation are attached. http://blog.cleveland.com/business/2007/05/study_ne_ohio_has_too_much_ret.html
May 20, 200718 yr Developers hope others buy into ideas at annual shopping-centers convention Sunday, May 20, 2007Henry J. GomezPlain Dealer Reporter The future of retail in urban Cleveland could come into better focus this week as the region's top real estate developers travel to Las Vegas for the International Council of Shopping Centers' spring convention. The annual event, today through Wednesday, is a showcase for shopping centers. Developers will be on the prowl for high-profile tenants that can bring viability to their projects. More at cleveland.com http://www.cleveland.com/business/plaindealer/index.ssf?/base/business-2/1179563606139180.xml&coll=2
May 20, 200718 yr I'm concerned by this oversupply of retail we have in NEO. Most of it is the same stores. We already have enough vacant buildings. If we don't start growing, we're going to create ghetto sprawl all over the place, and then we'll be done for. That's unprecedented.
May 20, 200718 yr Here's an interesting graphic from the PD's business section: http://www.cleveland.com/business/wide/index.ssf?retail0507.html Cleveland and Bratenahl are desperately underserved by retail, while most of the rest of the region is drowning in excess. Sprawl really is beginning to catch up to us, but I'm not holding my breath that the suburbs will catch on...
May 20, 200718 yr This region is overserced by retail. When I first heard of Jacobs wanting to build a Crocker Park South I thought it was logical some developer would want to build better retail in that area, but insane because of the oversupply. Why not try to bolster some existing shopping cneter/mall in that area? There is at least two of them. Right now I'm hoping the retail brought in by Stark for the central city is unique enough to draw people regionally. We don't need another crocker park per se downtown, we need a Crocker Park plus a little Beverly Hills, plus a little Fifth Avenue for downtown. I hope the other retailers are going to bring in some stores for the neighborhoods so residents won't have to trek out to Beachwood and Strongsville. I think the retail plus new residential will be the start of making Cleveland a vital and thriving core city again, a lot moreso than it is now.
May 23, 200718 yr Steelyard seeking chain restaurants Posted by Henry J. Gomez May 22, 2007 17:50PM Categories: Breaking News, Economic development Mitchell Schneider's First Interstate has been in talks with restaurant owners at the International Council of Shopping Centers' spring convention in Las Vegas about filling the outparcels that sit alongside first-phase development at Steelyard Commons. Possibilities include an Olive Garden, Red Robin or other national chains. More at cleveland.com http://www.cleveland.com
May 23, 200718 yr Definitely on the east side close -- Bratenahl & Euclid are somewhat underserved but on the other hand Euclid Square Mall sits vacant as does the former K-Mart and now the former Dave's Supermarket (they moved to the former TOPS building). I'm not necessarily a fan of the big box, but I would rather see a big box than a vacant building. Not sure what I would foresee in any of those buildings because I agree that the area is saturated with a lot of retail, but maybe something new. Ikea? West Elm?
May 24, 200718 yr Legacy Village is getting it's own Gold's gym to match the one on the west side. It's also getting a Justice children's clothing store.
June 13, 200718 yr Shoe store takes its final steps Golland family ends 55 years in business in NE Ohio Wednesday, June 13, 2007 Zachary Lewis Plain Dealer Reporter Louis Golland, owner of Golland Shoes in Tower City Center, has seen hard times before. During the Depression, when he was a young man, the shoe store where he worked routinely went through long dry spells. "We had days then when we didn't take in a single penny -- not a dime," recalls Golland, 94. But even those droughts were never quite like today's turbulent climate for small, independent retailers. More at cleveland.com http://www.cleveland.com
July 2, 200717 yr MSNBC.com -------------------------------------------------------------------------------- Investing in Your Backyard: Cleveland Rewrite the book and rule the pages -- take a souvenir. By Anders Bylund Motley Fool Updated: 5:29 a.m. ET June 29, 2007 Break out the beer and burgers -- it's a backyard investing barbecue at the Rock and Roll Hall of Fame! There are many good reasons for researching investment opportunities in a certain geographic area. Today, it's Cleveland, Ohio, where old-line business meets a new global economy -- with explosive results. If you happen to live in Kamm's Corners or Duck Island, you already have a few advantages when it comes to evaluating the local market, such as access to local news sources and the word on the street, and a high probability of being a customer or employee of these companies. And if you're not a local resident, you might still want to know whether the weather matches the business climate -- a hot area could be chock-full of undiscovered treasures on their way to greatness. Without further ado, here are the largest companies headquartered between Vermillion and Ashtabula: Company Market Cap (billions) CAPS Rating Bull Ratio National City (NYSE: NCC) $19.5 * 58% Progressive (NYSE: PGR) $17.7 ** 84% KeyCorp (NYSE: KEY) $13.8 * 55% Eaton (NYSE: ETN) $13.6 ***** 96% Parker-Hannifin (NYSE: PH) $11.3 ***** 92% Data taken from Motley Fool CAPS on June 28, 2007. National City is a rare beast in Foolish lands -- an official newsletter recommendation with an unflinching one-star CAPS rating. The Motley Fool Income Investor pick is busy divesting as much of its subprime-mortgage lending operations as possible, while expanding its retail banking network through acquisitions. It's an intricate restructuring process, with risks that are difficult to measure -- so the skepticism on the street is understandable. Income Investor lead analyst James Early thinks the worst of this storm has blown over for National, though. In an exclusive newsletter update from early May, he said that "although the stock is vulnerable to further housing-related shocks, the downside should be limited to $33.50 given the substantial buybacks, the healthy dividend yield, and the ever-present rumors that the bank is a buyout candidate." Industrial components might be closer to Cleveland's wheelhouse. Eaton and Parker-Hannifin support their generous star ratings with long and luminous corporate histories, stretching back to the early 20th century. "A stock for widows and orphans," says one player about Eaton in an argument for supremely long-term holdings. "Very lean and Toyota-like," says another about Parker-Hannifin, and I can certainly think of worse companies to be compared to. Heavy metal is more than just loud music In fact, heavy manufacturing is the big game in town. Much like Memphis or New Orleans, Cleveland was designed for heavy lifting, built at the crossroads of several railroad arteries and the Cuyahoga River flowing into Lake Erie, all of which made for easy movement of heavy equipment, materials, and finished products. Steelworking, manufacturing of all kinds, and basic materials production form the backbone of the Forest City. Working to change that focus a bit, city government is pushing for new business in the biotech and high-tech sectors to reignite a stalled population growth. Case Western Reserve University plays into both of those initiatives, and there are miles of fresh fiber-optic networking cable, sponsored by city funding. In 2005, The Economist called Cleveland the best city in America for business meetings and gave it a shared top spot for "most livable" city, alongside nearby Pittsburgh. Fancy new-age business ideas aside, the Sixth City is doing just fine with its manufacturing base, thank you. Among the thirty-four tickers with a CAPS rating I found with my usual Capital IQ screens, there are 12 five-star stocks, including iron-pellet producer Cleveland Cliffs (NYSE: CLF) and plastics manufacturer Lamson & Sessions (NYSE: LMS). In fact, all but one of those top-scorers work in manufacturing one way or another. The 12th provides business services to the other 11. Metalworking mills may not be sexy, but they do get a lot of investor respect -- and with the massive and booming infrastructure markets in China and India, there's no shortage of buyers for their products. Cleveland is riding a wave of global growth right now, and it seems to be making the most of it. So I just have to break into song for a moment: All the little chicks with the crimson lips go "Cleveland rocks! Cleveland rocks!" And I'll let that stand as my statement on the local business prospects in northern Ohio. Do you agree? Disagree? Feel free to weigh in on the C-Town market -- or on any stocks at all, really -- by joining Motley Fool CAPS and blasting away with your ratings and commentary pitches. And if Kamm's Corners isn't your 'hood, maybe we'll come around where you live the next time. Further Foolishness: - 7 Highly Rated Stocks on Sale - Gristle at Eaton - Does Parker-Hannifin Have a Second Act? Fool contributor Anders Bylund holds no position in any of the companies discussed here. He likes bolts of lightning, the sounds of Cleveland industry, and riding with the wind. You can check out Anders' holdings if you like, or follow him around the worldon these Foolish local-business treks.Foolish disclosureis always red-hot. URL: http://www.msnbc.msn.com/id/19503314/
July 3, 200717 yr sheesh, that is one of the most positive pieces I've seen about Cleveland's economic and business climate in some time... who's the primary audience for this character? Pardon me if I don't spend my free time watching MSNBC...
July 12, 200717 yr Pardon me if I don't spend my free time watching MSNBC... Don't you dare turn to that channel!!
July 13, 200717 yr From the 7/12/07 Lorain Morning Journal: Lorain paves way for Lowe's KATE GIAMMARISE, Morning Journal Writer 07/12/2007 LORAIN -- Members of the city's Planning Commission yesterday recommended Lorain City Council approve revised plans for the commercial portion of the Deerfield development, which include a Lowe's home improvement store. There was one dissenting vote, Safety-Service Director Mike Kobylka said. ''I don't think it's the best use,'' Kobylka said. The store would be in the development on the west side of Oak Point Road, north of Interstate 90. The Lowe's would be located in the Lorain portion of Deerfield, which lies in both Lorain and Amherst. It would be north of a Target store, which is located on the Amherst portion of the site. ... More at: http://www.morningjournal.com/site/news.cfm?newsid=18577207&BRD=1699&PAG=461&dept_id=46371&rfi=6
July 13, 200717 yr Looks like an amphitheater to me. I take that back. I should have looked at the picture more closely. I thought those quarter circle lines looked like seats, but they are most likely parking spaces. I would guess it's some Crocker Park-style "decoration" on the corner there.
July 14, 200717 yr Retail in store for Pine Crest Thursday, July 12, 2007 By Kim Wendel Chagrin Herald Sun ORANGE Realtors Kevin Holdash and Kevin Cooney are marketing a total of 53 acres along Pine Crest Drive and Harvard Road to commercial and retail developers for $350,000 an acre. Holdash, of Jennie Chiccola Realty, of Independence, said Friday that all but three or four of the 27 homeowners on Pine Crest and Harvard have signed a three-year listing agreement with Holdash and Cooney to sell their properties. More at http://www.cleveland.com/chagrinheraldsun/news/index.ssf?/base/news-0/1184177359308890.xml&coll=4
July 14, 200717 yr "He added that "a top-notch major department store chain appears to be interested in our site." He declined to name it. " Well, that sounds like it's practically in the bag!!
July 14, 200717 yr "He added that "a top-notch major department store chain appears to be interested in our site." He declined to name it. " Well, that sounds like it's practically in the bag!! yawn. I have a suspicion they mean a TJ Maxx, Marshalls, Kohl's, Filene's type of department store. If a Bloomingdales, Needless Markup, Barney's type department store was to open there I would be VERY surprised! I'll eat my keyboard if a FULL SERVICE "department" store was to open there.
July 14, 200717 yr "He added that "a top-notch major department store chain appears to be interested in our site." He declined to name it. " Well, that sounds like it's practically in the bag!! yawn. I have a suspicion they mean a TJ Maxx, Marshalls, Kohl's, Filene's type of department store. If a Bloomingdales, Needless Markup, Barney's type department store was to open there I would be VERY surprised! I'll eat my keyboard if a FULL SERVICE "department" store was to open there. That's what I was thinking to, one of those you mentioned or Targét. :roll:
July 25, 200717 yr Moochie & Co. opens ninth store Pet pampering just got easier in the Cleveland suburb of Beachwood. Columbus-based Moochie & Co. has opened a new location in the city's Beachwood Place Mall. The 13,000-square-foot store, the company's seventh in Ohio, features Moochie's dog and cat apparel, accessories, toys and treats. The company has nine stores in Ohio and Michigan, two of which are in Central Ohio at the Tuttle Crossing Mall and Easton Town Center. An Indianapolis location is set to open in November, according to the company.
August 9, 200717 yr Online service a guide to local malls Posted by Zachary Lewis August 09, 2007 11:48AM By Zachary Lewis Plain Dealer Reporter There are two types of shoppers in this world: browsers and hunters. Otherwise known as those who like to shop and those who don't. Rejoice, if you're among the latter. Wasted trips and hours of fruitless searching may soon be distant memories. More at cleveland.com http://blog.cleveland.com/business/2007/08/_by_zachary_lewis_plain.html
August 9, 200717 yr That was a yawn. that takes all the fun out of "going to the store". I want to be able to see, touch and feel the fabric and inspect the quality of the goods. You can't do that online.
August 9, 200717 yr That was a yawn. that takes all the fun out of "going to the store". I want to be able to see, touch and feel the fabric and inspect the quality of the goods. You can't do that online. True. I'm surprised malls would do this. I mean if someone looks online, can't find what they want at that location, and doesn't go to the store, it seems that would take away from potential impulse buys or money spent buying something at the food court, basically hurting business.
August 9, 200717 yr ^^ I guess you fall into the "browser" category. I loathe shopping. OH MY GOD! How dare you say that! I am wounded by that statement! I love to shop! I think I'm going to have an epic battle with Madison Avenue this weekend.
August 9, 200717 yr Why, you going out bar-hopping in Lakewood. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 9, 200717 yr Why, you going out bar-hopping in Lakewood. Not unless they have clothes in those bars, since I don't drink!
August 9, 200717 yr BTW, I also hate shopping. I use the GIGIGO method: Get In, Get It, Get Out. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 9, 200717 yr MayDay, JamieC, Vulpster, 8Shades, Blinky....somebody! Help these non believers...er non shoppers!
August 9, 200717 yr HAHA! why me? I think shopping is just okay. I'd rather spend my free time doing something else, but when I need something I make the most of it and try to enjoy myself. I like going to into stores, seeing new things, having people talk to me, etc.
August 10, 200717 yr That was a yawn. that takes all the fun out of "going to the store". I want to be able to see, touch and feel the fabric and inspect the quality of the goods. You can't do that online. True. I'm surprised malls would do this. I mean if someone looks online, can't find what they want at that location, and doesn't go to the store, it seems that would take away from potential impulse buys or money spent buying something at the food court, basically hurting business. Well, I'm not sure if this is one of the factors, but online spending has grown, and if retailers locally are fighting an over-saturation of the suburban retail market, then maybe they're willing to go to new ends to try to get that extra dollar. I have to agree with MTS, though for the most part. I can't buy normal clothes online. I swear, the Gap has a million different sizes for one waist size. I end up in the fitting room for 45 minutes trying to find a single pair of jeans that fits my waist correctly. And even then I'm lucky if I can find a pair that fits and looks right. My style M.O. is to get a copy of Esquire and then go to a high-end store or two and then retreat back to the shops in my price range and match the style up. There are exceptions, though. For example, I bought a very nice famous brand name pocketsquare off ebay for $35. It was brand new with the tag. I saved probably $50. I had never seen one like it at the same price in a real store. I also saw this awesome Grand Central Station umbrella online and want it: http://www.imageexchange.com/mvx10/engine.cgi?cid=7DY8az3NGL7BKnw0mrQRk3GPyH&store=nytm&page=default&basecat=umbrellas&return=sku50&body=sku10&sku=23444. I also normally stay online when I'm buying cycling gear. I feel bad for the local merchants, but I am just a casual cyclist, so I buy the cheap $20 shorts bike shorts, etc. Better deals to be had online. So, I guess how I purchase things depends on how important it is to me and how unique it is.
August 10, 200717 yr I will say that I have a personal/idealistic issue with online shopping. I think there's something to say about going out in public to a store, actually being there, and having face-to-face interaction with other people. Not only does it add vibrancy to neighborhoods and have a potentially greater economic impact, but I think its also important for civil society. I love the meaningful deliberation we have on urbanohio, but actually seeing, overhearing, and potentially talking to different people in public fosters the kind of empathy and trust necessary for a strong civil society and ultimately democracy. You help create this vibrant civil society while in a store, bowling alley, coffee shop, bar, bus, park, or even sitting out on a front porch.
August 10, 200717 yr Something has been on my mind this week and this is the perfect place to receive advise. I consider myself fairly fashion-aware... at least for a straight white male. (No comments about my club clothes from another thread) I will soon be going on a mini-shopping spree to purchase some professional clothes. Something along the lines of 2 or 3 suits, half dozen dress shirts, four casual shirts, ties, etc. I have not been able to do any decent shopping in at least 7 years since I went from restaurant management to full time undergrad/grad student. Most of my current wardrobe consists of finds from the thrift store. Now that I get to shop like an adult (and the fact I am more conscious of what I put on my body), I am wondering where I should go to make this purchase? I am still in cheap student mode, so I would like to get the most for my money; that is, best clothes and service for the lowest amount. Where should I go? Macy's? JC Penny (shudder)? Men's Warehouse? Someplace local? Thanks
August 10, 200717 yr For the suits, I'll defer to the others since that's not my forté (perks of being in one of those "artsy" fields). It all depends on what your priorities are - is money no object, or are you just looking for clothes that "do the job"? Are you label-concious? Do you find it difficult to find clothes that fit off the rack? Do you want to project an image that says "professional" or "professional and cool/trendy"? Be careful - you've just posted a thread inviting people to dress you, and if there's one thing "my people" love to do, it's play dressup! :-D clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
August 10, 200717 yr Be careful - you've just posted a thread inviting people to dress you, and if there's one thing "my people" love to do, it's play dressup! grin I am aware and that is why I asked. I do not have to look "professional" most of the time in my field as a planner/urban designer, but there are times (presentations, special meetings, etc) that I would want to put on a suit. I want the best suit for the best price (not the cheapest, but somewhere in the middle). I want the clothes tailored (I am resigned to the fact that I am not going to loose the 15 pounds I have been trying to loose since I went back to school 7 years ago - but I suppose there is always that chance of food poisoning that always seems to work for "other" people. Or if the old people who keep brining donuts to the office die off.) I like trendy, but I prefer the classic looks. I love french-cuff shirts, too. Dress away.
August 10, 200717 yr Musky, I really love H&M. Not sure if they've made it big here yet, but I really love their clothes in NYC a lot. Their prices are reasonable, though probably not the cheapest, but they're really hip and cool, in my opinion. I would recommend checking them out. Please. Do NOT go to JCPenney. I shudder with you. Men's Wearhouse and Macy's might be great, too.
August 10, 200717 yr Oh, I though H&M was only womens - don't know why I thought that... maybe something my wife said.
August 10, 200717 yr K&G's (which is next to a men's warehouse on the east side). They dress you decently (I don't think you are trying to win any fashion shows), and cheaply.
August 10, 200717 yr Oh, I though H&M was only womens - don't know why I thought that... maybe something my wife said. It's mostly women's, unfortunately. But they have awesome men's clothes, too. The one in South Park Mall had a decent suit collection. Beachwood Place, too.
August 10, 200717 yr As far as classic meets trendy, I would give Express for Men a go. Express dress shirts are great. They feel great and they're tailored well. They offer a great variety in different solid colors, which works well for that classic look. Some people also swear by Banana Republic, but I have not had tremendous luck there, as it seems (at least for me) that their clothes are wrinkle and stain prone, probably because they favor light fabrics. My all-time favorite is Calvin Klein, which definitely has a trendy but classic look, clean lines and a slim silhouette. There is a Calvin Klein outlet at Aurora Farms, so you don't have to break your wallet for these clothes. I only own one french-cuff shirt, which not surprisingly is a Calvin Klein. Be forewarned that tailoring can be a little pricey, particularly to have a suit or a coat tailored in and sleeves taken in due to the degree of work involved; pants are far cheaper to get adjusted (at least in my experience), so if you find a suit jacket that fits and pants that are too long, that's far better than the reverse. Department stores are a good starting point but be discerning and think about color combinations. As far as price goes, you can cover up a tight budget by mixing cheap duds with more expensive high-visibility items. I would invest in at least one high-end suit, but then you can mix it with cheaper, solid color shirts and simple, classic ties (which you can also get fairly cheap), and no one will know the difference. Invest in one pair of very nice dress shoes ... and don't wear them! I buy a bunch of Payless shoes for everyday dress-up and then have one nicer pair that I only wear for important meetings. And when I say only for important meetings, I mean I carry them to work and don't walk around in them so that I can avoid wear and wrinkles, as well as salt in the winter.
August 10, 200717 yr ^^ From what I've seen, H&M's in Northeast Ohio have all been shrinking their men's sections drastically. But if you should find yourself in NYC (or even better, London), load up on cheap duds at H&M or Topman ... in both these cities, they have GIGANTIC men's sections for H & M. I've also seen adequate H&M men's sections in Chicago and Boston. For big city trips, you might also try Zara, particularly when the seasons change. That's another cost-savings strategy. Watch for the changing of the seasons and buy for next year. Right now, for instance, you can get killer prices on summer lines, as stores move over to their fall lines (so if you like baby blue shirts, khakis and linen, you've hit paydirt!). And because you favor a classic look, the clothes aren't likely to look dated when you get around to wearing them.
August 10, 200717 yr H&M in Crocker Park is the biggest for men's. They have the whole collection, I believe.
August 10, 200717 yr Actually, the H&M at Cracker Park has a decent men's section - for the longest time they were only on 1/4th of the first floor, but they expanded to one half of the second floor as well. *jamiec beat me to it. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
August 10, 200717 yr As far as classic meets trendy, I would give Express for Men a go. This was going to be exactly my advice. Young enough but business looking also, and fitted instead of baggy. Filene's and Nordstrom Rack have good suits for the budget minded. Also, try paulfredrick.com for shirts...I like them because they sell slim cut dress shirts. My other word of advice...No pleated pants! Oh yeah, and go up to Canada if you can. I always find better fitting clothes cheaper there (since everything in the US seems oversized). Zara, Sisley, La Maison Simon and Tristan & America are my favorites in Montreal. Toronto is not far from Cleveland though.
August 10, 200717 yr Actually, the H&M at Cracker Park has a decent men's section - for the longest time they were only on 1/4th of the first floor, but they expanded to one half of the second floor as well. Nice! I went there during Christmas on my last visit and was terribly disappointed by how small the men's department was there.
August 10, 200717 yr Be careful - you've just posted a thread inviting people to dress you, and if there's one thing "my people" love to do, it's play dressup! :-D Yeeaaaaaaaaaaaaaaaaaaaaaah!
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